1608 DOCKSIDE DriveFleming IslandFL32003
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fleming Island at 1608 DOCKSIDE Drive, Fleming Island, FL, 32003 offers a 8.68% rental yield on a $399,000 purchase with $2,886/mo rent. Total monthly income registers $2,886/mo, and a $1,953/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,857/yr on $132,269 to close, and return on cash invested stands at 22.07% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 115.05% and total cumulative return in cash at $152,174. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,886/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32003, Orange Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,912 (100%) |
| Owner Occupied HU | 8,940 (75.1%) |
| Renter Occupied HU | 2,408 (20.2%) |
| Vacant Housing Units | 564 ( 4.7%) |
| Median Home Value | $432,265 |
| Average Home Value | $470,615 |
Housing Distribution
Address Breakdown
Residential
11,387
Single Family
9,618
Multi-Family
1,769
Businesses
531
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Listed by: STARR KEATING • COLDWELL BANKER VANGUARD REALTY
Mls Name: realMLS
Mls ID: #2124685